Scully Royalty Stock Pattern Recognition Doji
| SRL Stock | USD 7.61 0.32 4.39% |
| Symbol |
Recognition |
The output start index for this execution was ten with a total number of output elements of fifty-one. The function generated a total of nine valid pattern recognition events for the selected time horizon. The Doji is candlestick pattern analysis indicator that fired when Scully Royalty open and close prices are equal. It suggests that the direction of Scully Royalty's trend maybe be nearing a turning point.
Scully Royalty Technical Analysis Modules
Most technical analysis of Scully Royalty help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Scully from various momentum indicators to cycle indicators. When you analyze Scully charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Volume Indicators |
About Scully Royalty Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Scully Royalty. We use our internally-developed statistical techniques to arrive at the intrinsic value of Scully Royalty based on widely used predictive technical indicators. In general, we focus on analyzing Scully Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Scully Royalty's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Scully Royalty's intrinsic value. In addition to deriving basic predictive indicators for Scully Royalty, we also check how macroeconomic factors affect Scully Royalty price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Dividend Yield | 0.0274 | 0.0227 | Price To Sales Ratio | 2.27 | 2.39 |
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| All Next | Launch Module |
Scully Royalty pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Scully Royalty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Scully Royalty will appreciate offsetting losses from the drop in the long position's value.Scully Royalty Pair Trading
Scully Royalty Pair Trading Analysis
The ability to find closely correlated positions to Scully Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scully Royalty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Scully Royalty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Scully Royalty to buy it.
The correlation of Scully Royalty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Scully Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scully Royalty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Scully Royalty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scully Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Scully Stock please use our How to buy in Scully Stock guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Investment Banking & Brokerage space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Scully Royalty. If investors know Scully will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Scully Royalty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.77) | Earnings Share 0.06 | Revenue Per Share 3.707 | Quarterly Revenue Growth 0.03 | Return On Assets 0.0036 |
The market value of Scully Royalty is measured differently than its book value, which is the value of Scully that is recorded on the company's balance sheet. Investors also form their own opinion of Scully Royalty's value that differs from its market value or its book value, called intrinsic value, which is Scully Royalty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Scully Royalty's market value can be influenced by many factors that don't directly affect Scully Royalty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Scully Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Scully Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scully Royalty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.